A cryptocurrency token tied to Ripple Labs is on the rise.

What’s more, if you were compelled to invest in XRP following a private Consensus conference after-party hosted by Ripple Labs and featuring Snoop Dogg in May 2018, you’re likely on cloud nine.

According to Forbes, the token has been fairing well, particularly after Donald Trump was elected as the 47th president of the United States. It also highlights optimism stemming from Gary Gensler’s planned departure as chair of the U.S. Securities and Exchange Commission in 2025, with anticipation for him to be replaced by a U.S. President-Elect Donald Trump appointee. The SEC sued Ripple in 2020, alleging that the company failed to register its XRP token as a security before selling it, reports Business Times.

Benzinga states that XRP had seen a rise of 87% between Nov. 27 and Dec. 3, 2024. In a 24-hour period ending Dec. 3, it reported the coin saw a one-year high ($2.86).

“XRP was in an accumulation phase for nearly three years—around 900 days. The duration of such a phase often determines the strength of the subsequent rally, so it’s no surprise that from November 4, XRP has surged around 404%,” Arthur Azizov, the chief executive of crypto exchange and payment processor B2BinPay, explained to Forbes.

He added that there is “immense potential” for XRP prices to surge past their all-time high to peak in 2025.

Forbes states the coin had temporarily achieved a feat of becoming the third-largest cryptocurrency, trailing just behind bitcoin and ethereum, reportedly due to the massive surge after the presidential election. Street Times notes XRP’s market capitalization is now over $154 billion.

Snoop Dogg, who has embraced the cryptocurrency wave over the years, gathered for a celebration of the Ripple Labs’s community in 2018, although he did not issue a statement. For those who may have been emboldened to invest in XRP following the event, here’s how much the coin would be worth today with a $1,000 investment.

Benzinga reports that in 2018, XRP was worth $0.7523 per share. So an investment of $1,000 to purchase $1,329.26 worth of XRP would now be valued at $3,429.49 in 2024, reflecting a 242.9% increase.